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BigorU [14]
4 years ago
5

Tracy and Brett are married. Their current assets $9,243 Their current liabilities $6,921 Their monthly nondiscretionary expense

s $4,693 Their annual combined income $70,000 Their annual debt payments (excluding monthly housing costs) $22,084 What is Tracy and Brett's emergency fund ratio in months
Business
1 answer:
katen-ka-za [31]4 years ago
5 0

Answer:

1.3355

Explanation:

Current ratio = cash + cash equivalents ÷ current liabilities =$9,243 ÷ $6,921 =1.3355

Hope this helps & plz mark brainiest

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The internet links the Earth's economies.
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3 years ago
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit
posledela

Answer:

Explanation:

Direct Material   $165,000 (195,000 - 30,000)

Direct labor        $110,000 (150,000 - 40,000)

Overhead           $165,000 ( 110,000 * 150%)

Total cost           $440,000

Work in progress transfer = $15,500 + $440,000 - $27,000 = $428,500

3 0
4 years ago
In which of the following situations would it be best to call a meeting rather than to send a memo? A. The information that is b
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Answer:

The information that is being communicated is controversial

4 0
3 years ago
On June 1, 2022, Crane Company was started with an initial investment in the company of $21,725 cash. Here are the assets, liabi
Sav [38]

Answer:

The preparation is shown below:

Explanation:

The preparation of the month of June income statement for Crane Company is shown below:

                                        Crane company

                                      Income statement  

Revenue  

Service revenue $7,900

Total revenues $7,900 (A)

Less: Expenses

Supplies expense $1,155

Maintenance and repairs expense $690

Advertising expense $400

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Total revenues $3,555 (B)

Net income $4,345 (A- B)

And, the preparation of the retained earning statement is presented below

                                            Crane company

                                    Retained Earning statement

                                           For the month of June

Beginning balance of retained earning $0

Add: Net income $4,345

Less: Cash Dividend paid -$1,738

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7 0
4 years ago
the following data apply to grullon-ikenberry inc. (gii): (in millions) value of operations $1,000 short-term investments $100 d
natita [175]

The intrinsic per share stock price be immediately after the distribution will be 7.00

= (1000-300)/100

=7.00
A stock's intrinsic value is its true value. This is calculated based on the monetary benefit you anticipate receiving from it in the future. To put it another way, it is the highest price at which you can purchase an asset without incurring a loss when you sell it later.
Intrinsic value is a philosophical concept in which the worth of an object or endeavor is derived independently of other extraneous factors. Financial analysts create models to estimate what they believe to be the intrinsic value of a company's stock, which is separate from its perceived market price on any given day.

For more information on Intrinsic value visit:
brainly.com/question/28342542
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4 0
1 year ago
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